Drive Motors Secures $5.3 Million

Ecommerce startup Drive Motors completed $5.3 million in financing from an undisclosed investor.

Drive Motors builds ecommerce solutions for auto dealers. Using Drive Motors’ online checkout, car buyers can complete the entire car purchase order process on the dealer’s website. According to the company, dealers love Drive Motors because it requires no setup or data connection in order to install the system, can double their gross profits per sale, and can automate use of their finance software. Drive Motors was founded in 2015, completed Y Combinator in 2016, and is based in San Francisco, CA.